Gem Forex is a popular Forex company with English soccer player David Robert Joseph Beckham as a brand ambassador. The stocks handled are FX currency pair 31, stock index 10, energy 2, precious metal 2, and although they do not handle virtual currencies, they are a recommended trader for Forex traders. The feature is that you can trade with the maximum leverage of 1000 times, which is the highest level in the industry. Therefore, it is popular because it can generate explosive profits. This time, the article is about the operating company of Gem Forex.
Gem Forex is an overseas Forex brand operated by Lindholm Capital Ltd. The FX trading service will be available in 2014 and is one of the most popular in the world.
|Operating company name||Lindholm Capital Ltd|
|Headquarters location||33, Edith Cavell Street, C/o IQ EQ Fund Services (Mauritius) Ltd, Port-Louis, 11324 Mauritius|
|License||FS-4.1 Global Business Corporation|
SEC-2.1B Investment Dealer (Full service dealer excluding underwriting)
|Business start date||October 1, 2014|
|Number of employees||52 people (including part-time job and outsourcing)|
|Brand owner||Gem Group Holdings LTD|
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is Gem Forex licensed?
|Company Name||Acquisition license|
|GEMFOREX||New Zealand Securities Investment Commission (NZFSP)|
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about Gem Forex, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.
|You have not submitted your identity verification documents||GEMFOREX’s quick account support allows you to open an account within minutes of applying, but withdrawals will be refused if you do not verify your identity afterwards.|
|Large lot number||GEMFOREX clearly states that trading large lots without prior notice is prohibited. It is a violation of the rules if you trade more than 10 round-trip lots within 5 minutes.|
|Double-decker||If you build both, you may be refused withdrawal or your account may be frozen.|
|Leave the account||A case where the account is left unattended for a long time without trading anything. If you do not trade 365 days a year, your account will be frozen.|
|Withdrawal of the bonus itself||Account opening bonuses and deposit bonuses can be used as margin for transactions, but cannot be withdrawn as cash.|
|Withdrawal while holding a position||If you have a position, you will not be able to withdraw.|
|Account holder is different from the person||If the transfer destination account holder is different from the registered name, you will not be able to withdraw.|
|Not a bank with a SWIFT code||You cannot withdraw because GEMFOREX cannot be recognized.|
|Incorrect registration information||You cannot withdraw because GEMFOREX cannot be recognized.|